Mortgage rates at lowest point since the 1960's
Is it time to build a new house?
If you have seen any of the recent mortgage data, the answer is probably YES. Interest rates have dropped to some of the lowest levels seen in more than 50 years. There is a surging interest in new home sales and mortgage applications are rising. All good signs if you're in the market to buy.
The National Association of Realtors reported a rise of more than 7% in the sales of previously-owned homes. This means that people are selling and looking for new homes, which should come as good news to the economy as a whole. Median home prices for new homes was up more than 4 percent year over year.
While some lenders aren't handing out mortgages on every street corner, many are happy to do business with new customers that qualify for their loans. The good news: qualify for a mortgage and you'll be able to afford more, pay less and live the American dream as a home owner.
Some useful tools if you're in the market for a new home:
Mortgage rates
Mortgage calculator
Georgia custom home builder










